Kadant Completes Key Knife Acquisition

Kadant Inc. has completed its previously announced acquisition of Key Knife, Inc. and some of its affiliates for approximately $156 million in cash, subject to certain customary adjustments. The acquisition was financed primarily through borrowings under Kadant’s revolving credit facility.

Key Knife, a global supplier of engineered knife systems for custom chipping, planing, and flaking solutions for wood product industries, is headquartered in Tualatin, Ore. with 141 employees located primarily in the U.S. and Canada. Key Knife’s revenue for the trailing twelve months ending September 30, 2023 was approximately $65 million. Key Knife will become part of Kadant’s Industrial Processing reporting segment.

“We are pleased to complete this transaction and welcome our new colleagues from Key Knife to the Kadant family,” says Jeffrey L. Powell, President and CEO, Kadant. “Our acquisition of Key Knife expands our product portfolio and strengthens our respective positions in wood processing industries. We look forward to extending Key Knife’s strong brand into new markets and leveraging Kadant’s global sales network.”

Latest News

Fletcher Building Orders Fine OSB Plant

New Zealand’s Fletcher Building Ltd. has ordered a complete plant for the production of Fine OSB from German machine manufacturer Dieffenbacher. The plant will be built at Fletcher Building’s Laminex site in Taupo, in the center of the country’s North Island. The new plant will include Dieffenbacher new belt dryer. The belt dryer is one example of how Dieffenbacher…

Uniboard Modernization On Track At Val-d’Or

Uniboard reports its $350 million particleboard plant modernization program is going as planned at Val-d’Or, Quebec; originally announced in June 2022, this is the third phase of its modernization for its particleboard and TFL mill. More than $100 million was invested in Phase 1 and Phase 2, which were…

Find Us On Social

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe/Renew

Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!